Many politicians and interest groups involved in the debate over the fate of NAFTA seem eager to put everything behind them and ratify USMCA as quickly as possible. We think it is worth discussing and debating what’s in USMCA first.
In the United States, there are efforts underway to push both the legislative and executive branches to protect dairy producers from their non‐dairy competitors by keeping the word “milk” off the competitors’ products.
On December 6th the Herbert A. Stiefel Center for Trade Policy Studies will host a conference on the Jones Act, a nearly 100‐year‐old law that restricts the transportation of cargo between two points in the United States to ships that are U.S.-built, crewed, owned, and flagged.
All in all, it is not a terrible deal, although U.S. government resources probably would have been better spent on liberalizing trade with countries with whom we did not already have a trade agreement.